Obama Spends More, Raises Less

An analysis by the Boston Globe
shows that President Obama “did not raise as much money from supporters
last month as he did during January 2008 in his first campaign for the
White House,” and he is also “using up cash at a far greater rate than
the last incumbent to seek reelection, George W. Bush in 2004.”

The
numbers: “Contributions to Obama and the Democratic National Committee
combined were down 30 percent last month compared with January four
years ago. Together they raised $29.1 million in January. That is down
from $41.7 million in January 2008… The Obama campaign spent $17.2
million last month, leaving $76 million cash on hand. Eight years ago,
Bush raised $12.9 million in January, spent $7.6 million, and had $104.4
million in the bank heading into February… But the campaign also had a
payroll of nearly 360 employees in the last quarter of 2011, about 200
more than Bush-Cheney during a comparable period eight years earlier.”